Banks Want More Risk Transparency At Clearinghouses

Law360, New York (February 5, 2013, 8:21 PM EST) -- Securities clearinghouses should make their risk-management practices clearer to their members to help them manage their own risks and assist in maintaining a stable financial system, a banking group said Tuesday.

According to the Payments Risk Committee, a group made up of senior managers from a number of major banks — including JPMorgan Chase & Co., Bank of America NA and Goldman Sachs & Co., among others — which produces advisory reports for the Federal Reserve Bank of New York, central counterparties, or CCPs, need to...
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